Business Directories

Bahrain to host key investor forum

Manama, November 13, 2012

A number of entrepreneurs and potential investors will come together at the second Angel Investors Forum Bahrain being organised by Tenmou, the Kingdom's first business angel company, from November 21 to 22.

The forum, being organised in association with Punchline Media and supported by both Tamkeen and Mumtalakat, has attracted a wide range of speakers, including representatives of the Organisation of Economic Co-operation and Development.

It will focus on providing an opportunity for high potential companies from around the Mena to pitch their ideas to investors, said a report in the Gulf Daily News, our sister publication.

With a focus on Bahrain and Mena investment opportunities, Tenmou has confirmed participants from Lebanon, Palestine, Egypt, Jordan and across the Gulf.

"We are actively promoting the event internationally with the intention of attracting up to one-third of our investors from outside the Mena region," said Punchline Media chief executive Fahed Al Shirawi.

"This is an opportunity to bring together people with business ideas and potential investors and we are looking to reach people who perhaps only have a few thousand dinars to invest in the kind of projects that could be key to the long-term development of the region's economy," he noted.

"Angel investment, where individuals put money into start-up businesses, is not big in this region because there is a lot of risk aversion but we intend to change that," he added.

"Following the success of the first Mena Angel Investors event in April, we are delighted to partner with Punchline Media to host the forum here as a regular landmark event for entrepreneurs and angel investors in the region," said Tenmou chief executive Hasan Haider.

"I thank all investors in Tenmou for their support and Mumtalakat for its sponsorship of this worthwhile initiative. We hope to spread awareness in the region about the potential of angel investments and provide the next generation of entrepreneurs with opportunities for funding and success," remarked Haider.

"We are proud to take this initiative and align ourselves with one of the goals of Economic Vision 2030 - to increase the diversity of careers throughout the kingdom," he added.-TradeArabia News Service